JAKARTA – Anderson Bay Pte Ltd is set to launch a tender offer for a maximum of 90% of PT Exploitasi Energi Indonesia Tbk (CNKO) shares starting next week (17/2). This move follows Anderson's acquisition of 10% of CNKO shares, valued at IDR 6.27 billion, completed on 5 December 2024.

According to a brief prospectus cited on Friday (14/2), the maximum number of shares being tendered is 8.06 billion, with a price of IDR 8 per share.

This price was determined based on the highest average daily trading price over the 90 days following the announcement of the share acquisition on 5 December 2024.

After the acquisition, CNKO's shareholder structure will consist of Anderson Bay Pte Ltd holding 10% of the total 8.95 billion shares, followed by PT Saibatama Internasional Mandiri (SIM) with 9.63%, OCBC Bank Mezzanine Capital holding 8.03%, and the public owning 72.38%.

Previously, CNKO’s shareholders included SIM with 9.63% of the total 8.95 billion shares, OCBC Bank Mezzanine Capital with 9.39%, and the public holding 80.98%.

Anderson Bay is a private limited company based in Singapore with an authorized capital of US$1,000 and a paid-up capital of US$1,000. The beneficial owner of the shares is Cho Wai Cheng. (LK/ZH)